This article provides notes on the Life Insurance Corporation of India (LIC). In India also the concept of insurance remained since the ancient civilizations. Look at the Logo of the Life Insurance Corporation some words in devnagri script (Yagkshema) are written in the logo of LIC. These have been taken from Rig Veda meaning protection of health. If we read [...]
This article throws light upon the two types of insurance. The types are: 1. Life Insurance 2. General Insurance. Type # 1. Life Insurance: There is a life insurance council that decides entire norms relating to life insurance in India; In fact life insurance plays different type of roles. As conceived by the Life Insurance council the Life Insurance is [...]
After reading this article you will learn about the meaning and types of risk retention. Meaning of Risk Retention: It is nothing than presuming that we are going to incur certain losses on a particular issue but at the same time are not willing to transfer such risks to another party. For example in an individual case a persons decides [...]